On Thursday, U.S. space-related stocks experienced broad-based gains. L3Harris Technologies (LHX.US) led the charge, climbing more than 8%, while AST SpaceMobile (ASTS.US) advanced over 5%. Rocket Lab (RKLB.US) rose more than 3%, breaking through its all-time high, and Sidus Space (SIDU.US) gained over 2%.
The rally comes amid recent news that L3Harris has agreed to sell a 60% controlling stake in its Space Propulsion & Power Systems business to AE Industrial Partners for an enterprise value of $845 million. The company will retain a 40% ownership interest, a strategic move allowing it to sharpen its focus on core defense priorities.
Furthermore, the global defense sector has witnessed a collective surge, emerging as a key market focus. This uptick is driven by heightened global geopolitical tensions and the U.S. government's plans for a significant expansion of its military arsenal, with major impacts anticipated by early 2026.
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